Operations Management

All projects are really about change. Let’s take my favorite project of all time: the pyramids of Egypt. Imagine a sweltering desert with miles of sand, snakes, and other scenes from an Indiana Jones film. Add a few million workers, some great plans, some scary mummies, and you’ve got the pyramids. All right, so my […]

In 2003, the FBI undertook the massive initiative of consolidating its data into one centralized case management system and upgraded to the new Virtual Case File (VCF) system, a networked system used for tracking criminal cases. However, more than a year and $170 million later, the VCF was far from operational, and the costs continued to pile […]

Define the scope and objectives For any project to be successful you need to understand what the project is supposed to achieve. Suppose your boss asks you to organise a campaign to get the employees to donate blood. Is the aim of this to get as much blood donated to the local blood bank? Or, […]

In today’s global marketplace, complexity and speed are essential factors to survive. If we try to have close look on different projects taking place in various corners of the world, they all are being initiated under tight budgetswith fewer resources than ever before. Apart from this, project-based business is growing bigger and bigger every single day. […]

“Manage from the bottom up; not just from the top down; this creates personal commitment and accountability.”– Bryce’s Law INTRODUCTION A couple of months ago we started a free service to analyze a person’s style of management. Through our “Bryce Management Analysis,” a manager answers a series of questions (30 in all) and, based on his responses, […]

A new SAP system can make a start-up plant a disaster or victory—all depending on the preparation for its implementation. The SAP is the information backbone of new plant business and project manager should approach it with a well structured project team. If implementation scope includes Financials, Sales, Distribution logistics, Manufacturing, Supply Chain Management and […]

America’s 25 million small business owners are entitled to the same turnaround help as the Fortune 500. Unfortunately, they don’t receive it because turnaround consultants are expensive and their methods are not readily known by small business owners. A turnaround roadmap can remove some of the mystery about turnarounds and provide a guide for small […]

like any competitive pastime, we measure how well we are doing, by looking at others. This is a good way to improve yourself and your business If you are a sprinter and run alone, how will you know how you compare to others who also run? The principle also applies to business and business owners. For […]

As the percentage of projects failing are on the rise there are number of root causes becoming the talk of discussion. Be it unreasonable project timelines, poorly defined requirements, poor scope management or unclear project objectives projectsare failing due to one or all of these factors. As all these factors play an important role in a project, thus […]

Introduction No one will ever be able to convince me that the most challenging component of Project Management is the science behind it. The way in which we need to pull people together to be a high performance team over a relatively short period of time is the most challenging part of Project Management. This […]

Our Objective

The Turnaround Management Society is a not for profit industry-specific organization that aims to promote best practice in turnaround management. Its members are turnaround professionals, distressed debt investors, and academics.
It is our objective to bring together the knowledge of turnaround management academics and the experience of turnaround management professionals.